Tex. Gov't Code Section 1201.041
Public Security as Negotiable Instrument and Investment Security


A public security is:

(1)

a negotiable instrument;

(2)

an investment security to which Chapter 8 (Security Instruments), Business & Commerce Code, applies; and

(3)

a legal and authorized investment for:

(A)

an insurance company;

(B)

a fiduciary or trustee; or

(C)

a sinking fund of a municipality or other political subdivision or public agency of this state.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Source: Section 1201.041 — Public Security as Negotiable Instrument and Investment Security, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­1201.­htm#1201.­041 (accessed Jun. 5, 2024).

Accessed:
Jun. 5, 2024

§ 1201.041’s source at texas​.gov